Reported Wednesday, Assure Holdings Announced 18-To-1 Reverse Stock Split Effective July 9, 2024 To Maintain NASDAQ Compliance
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Assure Holdings announced an 18-to-1 reverse stock split effective July 9, 2024, to maintain NASDAQ compliance and make its bid price more attractive to investors.
July 05, 2024 | 3:01 pm
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Assure Holdings (IONM) announced an 18-to-1 reverse stock split effective July 9, 2024, to comply with NASDAQ's minimum bid price requirement and attract investors.
The reverse stock split is a strategic move to ensure compliance with NASDAQ's listing requirements and to potentially make the stock more appealing to investors. This could lead to a positive short-term impact on the stock price as it addresses compliance issues and may attract new investors.
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